Additionally, CanniMed is seeking personal damages against one current and one former member of the CanniMed board, Doug Banzet and Robert Duguid, for their alleged involvement in the civil conspiracy and for breaching their fiduciary duties by failing to act in the best interests of CanniMed and its shareholders and instead acting out of self-interest and/or for the benefit of other corporations for which they are also directors. Mr Banzet is the CFO of Golden Opportunities Fund and COO of Westcap Mgt. Mr Duguid is founding partner of SaskWorks Venture Fund, partner at PFM Capital, and Vice President, Investments at Apex Investment Fund.

The action (which has yet to be served), claims damages in the amount of $725 million resulting from defendants’ unlawful actions that have negatively affected the appreciation of the value of common shares of CanniMed and prevented CanniMed from pursuing alternative change of control transactions for the benefit of the CanniMed shareholders.

Aurora knew, or should have known, that the information obtained and utilized to design and launch their hostile bid was obtained inappropriately. As a result of Aurora’s use of this confidential information, CanniMed shareholders have been disadvantaged and deprived of seeing the full value of their shares.

Brent Zettl, President and CEO, CanniMed

These bad actors, working in concert, have done the company and other shareholders a significant disservice and we can’t let them get away with this. I urge all shareholders NOT to tender to Aurora’s hostile bid and to vote YES (Green) for CanniMed’s acquisition of the Newstrike Resources Ltd.

VOTE GREEN. DO NOT TENDER.

The CanniMed Board and management will vote their GREEN proxies in support of CanniMed’s acquisition of Newstrike Resources Ltd (the “Newstrike Acquisition”) and will not tender to Aurora’s bid. The Board strongly recommends shareholders join them in doing the same, no matter how many shares are owned. Here’s how:

1. To vote FOR the Newstrike Acquisition vote GREEN. Follow the instructions on the GREEN VIF or form of proxy by January 19th, 2018 at 10:00 am (EST). Shareholders with questions or need help voting should call Kingsdale Advisors toll-free at 1-888-518-1554 or by email at contactus@kingsdaleadvisors.com.

2. Ignore and recycle any Blue proxy forms received.

3. To reject Aurora’s bid, simply do nothing. Do not tender your shares. If you have tendered your shares in error or now wish to withdraw, simply ask your broker or Kingsdale Advisors at 1-888-518-1554 or contactus@kingsdaleadvisors.com to assist with this process.

CanniMed is a Canadian-based, international plant biopharmaceutical company and a leader in the Canadian medical cannabis industry, with 17 years of pharmaceutical cannabis cultivation experience, state-of-the-art, GMP-compliant production process and world class research and development platforms with a wide range of pharmaceutical-grade cannabis products. In addition, the Company has an active plant biotechnology research and product development program focused on the production of plant-based materials for pharmaceutical, agricultural and environmental applications.

CanniMed, through its subsidiaries, was the first producer to be licensed under the Marihuana for Medical Purposes Regulations, the predecessor to the current Access to Cannabis for Medical Purposes Regulations. It was the sole supplier to Health Canada under the former medical cannabis system for 13 years, and has been producing safe and consistent medical cannabis for thousands of Canadian patients, with no incident of product diversion or recalls.

Before this cannabis stock news is here, it’s published to subscribers on 420 Investor.

Published by NCV Newswire

The NCV Newswire by New Cannabis Ventures aims to curate high quality content and information about leading cannabis companies to help our readers filter out the noise and to stay on top of the most important cannabis business news. The NCV Newswire is hand-curated by an editor and not automated in anyway. For questions contact us.

Spotlight

Stock Indices

Use the suite of professionally managed Cannabis Stock Indices by New Cannabis Ventures to monitor the performance of publicly-traded cannabis companies within the day or over longer time-frames. In addition to the comprehensive Global Cannabis Stock Index, we offer a family of indices to track Canadian licensed producers.

Cannabis Stocks

The largest, most comprehensive cannabis-investment centric forum on the internet.